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2285 Earl Ave 9 Unit Apartment Building $1,659,000 ($184,333/Unit) 6.90% Cap Rate Long Beach, CA 90806
Investment Highlights
- Priced to sell at 9.7 GRM with upside to 8.7 GRM and a 8.0% CAP.
- Earn over a 12% cash-on-cash return against in place income.
- Qualified Buyers can put down as little as 25% on a new loan.
- Well maintained asset in Long Beach NOT subject to local rent control.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.
Executive Summary
Priced to sell at 9.7 GRM with upside to 8.7 GRM and a 8.0% CAP.
9 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). Located on a quite street in the Wrigley district. Excellent unit mix for the area, with long term tenants. The property was updated in 2019 throughout and is professionally managed and well maintained.
A new owner could achieve over a 10% upside in rents. Property has onsite laundry and features a 400 AMP Main electrical panel and 50 AMP subpanels (Buyer to verify). Shingle Roof is in good condition and less than 10 years old.
Qualified Buyers can put down as little as 25% on a new loan. Contact Loan Broker to find out more - David Guevara - (714) 474-1284. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
9 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). Located on a quite street in the Wrigley district. Excellent unit mix for the area, with long term tenants. The property was updated in 2019 throughout and is professionally managed and well maintained.
A new owner could achieve over a 10% upside in rents. Property has onsite laundry and features a 400 AMP Main electrical panel and 50 AMP subpanels (Buyer to verify). Shingle Roof is in good condition and less than 10 years old.
Qualified Buyers can put down as little as 25% on a new loan. Contact Loan Broker to find out more - David Guevara - (714) 474-1284. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$171,000
|
$34.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$171,000
|
$34.58
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $171,000 |
| Annual Per SF | $34.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $171,000 |
| Annual Per SF | $34.58 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,659,000 | Apartment Style | Low-Rise |
| Price Per Unit | $184,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.90% | Building Size | 4,945 SF |
| Gross Rent Multiplier | 9.7 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1947/2018 |
| Property Subtype | Apartment | ||
| Zoning | 2 | ||
| Price | $1,659,000 |
| Price Per Unit | $184,333 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,945 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2018 |
| Zoning | 2 |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,395 | - |
| 1+1 | 8 | $1,595 | - |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 7205-019-017 | Improvements Assessment | $780,491 |
| Land Assessment | $464,232 | Total Assessment | $1,244,723 |
Property Taxes
Parcel Number
7205-019-017
Land Assessment
$464,232
Improvements Assessment
$780,491
Total Assessment
$1,244,723
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2285 Earl Ave
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